Local players keen on manufacturing; big challenge is to produce competitive products
Policy issues need to be addressed to strike the right balance between green and conventional energy sources
Before, this the lowest bid was Rs 2.44 per unit by ACME Solar in July 2018 for a 600 MW solar power project in Rajasthan.
Ashish Khanna has, however, issued a note of caution in regard to the need for the establishment of the right renewable eco-system in India.
The government is focused on solar energy generation, however, for energy security it must have a strong domestic manufacturing sector that will make it self-reliant
Petronas will likely conduct the deal worth Rs 450-500 crore through its Indian arm Amplus Energy Solutions
Solar installations during January-March quarter were down 39 percent as compared to 1,761 MW added in the corresponding period last year.
A focus on nuclear power will not only help India reduce its dependence on fossil fuels that contribute to climate change, but will also make India more energy independent.
The coronavirus outbreak, which has killed more than 1,700 people and infected 70,000 others, has hit the Chinese economy and disturbed global supply chains.
The decision is yet to be made through e-tendering process for finalisation of contractor for installation, operation and maintenance for 25 years of the 5 MW solar photovoltaic plants, Tyagi said.
The government's target is to installing 1,00,000 MW grid-connected solar power capacity by December 2022, Minister of State for Power and New and Renewable Energy R K Singh said in a written reply to the Lok Sabha.
Travel by Metro consumes 1 unit of energy, the same journey by car takes 22 units
State-owned Singareni Collieries Company was entrusted to install 300 mw solar power project, which would take the total commissioned capacity to 5,000 MW
An industry source said no company submitted bids under the auction for the 6 GW manufacturing linked solar energy projects.
Power purchase agreement (PPA), however, will be the key to execute the project, West Bengal's Power Minister Sobhandeb Chattopadhyay said.
This would be the third sale for Essel Infraprojects, which aims to monetize assets to pay off creditors.
According to the notice, the last date of bid submission is extended till May 31, 2019 (till 1600 hours). The techno-commercial bid opening shall be carried out from 1700 hours on the same day.
This will also be the first time when the Delhi Metro Rail Corporation (DMRC) will be receiving power from an 'offsite source'.
This case could make the case stronger for captive power producers on the one hand, and for rooftop solar power producers on the other for reasons that are explained a bit later. The court, in its order, reiterated the principle of settled contracts which lends certainty to power purchase agreements (PPAs) and imposes confidence in investors.
The year 2017 saw new solar installations of 9,782 MW.
India's total solar installed capacity and pipeline stood at 28,057 MW and 17,658 MW as on December 31, 2018, according to the report.
The policy, which was notified on February 7, came into force with immediate effect.
India's installed grid-connected power generation capacity increased 4 per cent from January to October 2018 to reach 347 GW.
The decision was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi, Law Minister Ravi Shankar Prasad said here.
Most state grids are near bankrupt and cannot pay for the ever-increasing subsidy amounts doled out. Once the elections are over, they will have no option but to stop these freebies.